Zcash (ZEC) To Bounce Back? Key Breakout and Retest Signaling Potential Upside Move

robot
Abstract generation in progress

Date: Tue, Oct 28, 2025 | 12:40 PM GMT The broader cryptocurrency market is witnessing a mild pullback today as Bitcoin (BTC) and Ethereum (ETH) slipped into the red. This short-term correction is slightly pressuring several altcoins — including Zcash (ZEC), one of the leading privacy-focused token. $ZEC is down over 9% today, but despite the dip, the chart reveals a much stronger underlying signal: the token has completed a breakout and is now retesting the key level, a setup that often precedes another leg higher.

Source: Coinmarketcap Retesting Rising Wedge Breakout On the 4-hour chart, ZEC had been consolidating inside a rising wedge pattern for several weeks. While such formations are generally seen as bearish, they can produce bullish breakouts if accompanied by sustained buying volume. After multiple attempts to break higher, ZEC finally surged above its upper trendline resistance near $318, confirming a breakout and pushing prices to a local high of $375. This sharp rise, however, triggered some short-term profit-taking, leading to a pullback toward the breakout zone.

Zcash (ZEC) 4H Chart/Coinsprobe (Source: Tradingview) Now, as seen in the chart, ZEC is retesting its breakout area around $318–$328 — a level that previously acted as strong resistance. This is a classic technical retest, where former resistance flips into new support, often signaling that buyers are preparing for a fresh upward push. What’s Next for ZEC? The near-term structure remains constructive, but the next phase will depend on how ZEC reacts to the current support zone. If buyers defend this area and reclaim the $375 high, it would likely confirm renewed bullish strength and could trigger a run toward the next major target at $429, marking a potential 31% upside from current levels. On the flip side, if ZEC fails to hold above the breakout support trendline, the token could revisit the $300–$288 region, which aligns with the lower boundary of its previous ascending structure — a potential retest area before any new rally attempt. For now, the pattern suggests that ZEC’s breakout remains valid, and the ongoing retest could be the final confirmation before a fresh upward wave begins. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.

BTC-0.95%
ETH-3.23%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)